Logistics pr provides services to three types of markets

Assignment Help Operation Management
Reference no: EM1383436

Logistics PR provides services to three types of markets: Low, Intermediate and High. Each category refers to a construct of several key variables that makes the market competitively desirable. During a given year, there is a 0.25 probability that a Low market will change to an Intermediate market and a 0.05 probability that Logistics PR will stop providing service to the market (is no longer competitive to develop the market.) Also, there is a 0.15 probability that an Intermediate market evolve to a High market and a 0.10 probability that Logistics PR will stop providing service to this market. There is a 0.05 probability that Logistics PR will stop providing service to a High market. For the time-frame of this study, once a market has reached a higher category, it won't fall back to a lower category. What is the probability that Logistics PR will stop providing service to an Intermediate market before becoming a High market?

Reference no: EM1383436

Questions Cloud

Define cultural products and give three examples of them : Define cultural products, and give three examples of them. Identify how cultural products are considered in the development of a strategic plan.
Required height of the roller coaster : Determine the required height h of the roller coaster so that when it is essentially at rest at the crest of the hill it will reach a speed v= 100km/hr when it comes to the bottom.
Find the appropriate antidote for the toxicity : A thirty-five year old man has been brought in to the hospital with severe vomiting, diarrhea, abdominal cramping, and bradycardia.
A hotel is considering changing its waiting line system : A hotel is considering changing its waiting line system. In the current system hotel guests divide themselves equally between the lines that form in front of 4 hotel clerks
Logistics pr provides services to three types of markets : Logistics PR provides services to three types of markets: Low, Intermediate and High. Each category refers to a construct of several key variables that makes the market competitively desirable.
Find allele frequencies for the gene in the population : In a primrose variety there is one gene controlling color of the flower. 2-alleles of this gene occur red and white.
Shear tension and bending of the fixed i-beam : To satisfy desige limitation it is necessary to determine the effect of the 2- kN tension in the cable on the shear tension and bending of the fixed I-beam.
Companies go international for different reasons : Companies go international for different reasons. What are the four reactive (defensive) reasons to go international? Explain.
Cephalus definition of justice : What is Cephalus' definition of justice? What is Socrates' problem with Cephalus' definition? What is Polemarchus' definition of justice?

Reviews

Write a Review

Operation Management Questions & Answers

  Determine the freezing point depression

The freezing point of 20.024 grams of distilled water was determined by recording a thermo gram. 1.006g of an unknown, no electrolyte compound was added to the water also a second thermo gram was recorded to determine the freezing point of the sol..

  Illustrate what is the role of inspection in manufacturing

Illustrate what is the role of inspection in both the manufacturing and service industry. Explain how does it relate to the idea of continuous improvement and the philosophies of the quality gurus, Deming, Juran, Feigenbaum and Crosby.

  How could a company known for superior quality

How could a company known for superior quality have so many quality problems? Use the elements of the 5P's Model to analyze this scenario.

  Illustrate some of the obstacles of flexible workforce

Illustrate what are some of the obstacles also benefits to creating a flexible workforce. Illustrate what industries likely can take advantage of flexible workforce.

  Describe explicitly the optimal inventory system for deskpro

Describe explicitly the optimal inventory system for DeskPro. Draw the corresponding inventory-time diagram. Explain how the inventory system works, what is the optimal order amount

  Do executives in organizations have an ethical

Do executives in organizations have an ethical responsibility to think about the fairness of the transactions or the consequences of the sale on the buyer when they sell stock at the top of the market

  What avergae number of persons can be expected

What avergae number of persons can be expected in the system? What is the average amount of time that a person can expect to wait in line?

  Linear programming staffing problem

South Central Utilities has just announced the August 1 opening its second nuclear generator at its Baton Rou, Louisiana, nuclear power plant. Propose this staffing problem using LP. Solve problem. How many trainees should begin each month?

  What is the resulting profit of this product mix

Explain how many of X1 X2 and X3 should be made and illustrate what is the resulting profit of this product Mix. Which of the machines is not operating at capacity with this solution.

  Explain how a quality-assurance program might affect

Explain how a quality-assurance program might affect different organizational functions for a fast-food business such as McDonald's or domino's pizza.

  Knowledge and change management are major challenges

Knowledge and change management are major challenges to most organizations. Individual and organizational learning are very different concepts though they are reliant on each other

  Illustrate what are implications from research managers

Contrast research comparing effective managers with successful managers. Illustrate what are implications from research for practicing managers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd